Shiba Inu Burn Rate Soars 2000% In 24 Hours

SHIB Burn Rate Jumped Up To 2000%

In the past 24 hours, the number of tokens burnt for $SHIB has increased by a staggering 1998.02%.

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A total number of 1,000,000 tokens were burnt in the last 24 hours.

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This significant increase suggests a strong movement towards reducing the total supply and potentially increasing the value of the remaining tokens.

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It remains to be seen how this burn will affect the overall market cap, which has decreased slightly by 0.12% to $6,080,703,379 in the same period.

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The process of burning has direct implications on the token supply and subsequently, has possible effects on the price.

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Over the past 7 days, however, the number of tokens burnt has decreased by 98.16% to 33,952,759, indicating a potential slowdown in burn rate.

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Nonetheless, this hourly update highlights the active community engagement and interest in the $SHIB token and its future prospects.

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